The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.

[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.

The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.

"I think we’ll do it February 1st." On the morning of January 28, Detroit Big Three automaker General Motors (GM) reported Q4 and full-year 2024 earnings, where they posted major losses. The automaker behind Chevrolet and Cadillac said it lost $2.

Electric vehicle (EV) giant Tesla TSLA reported fourth-quarter 2024 earnings per share of 73 cents, which missed the Zacks Consensus Estimate of 75 cents but increased from the year-ago figure of 71 cents.

General Motors is focusing on its Super Cruise driver assistance technology to boost revenue, predicting $2 billion annually within five years. This technology, similar to Tesla's Autopilot, enables hands-off driving and is expected to foster consumer acceptance of self-driving cars,

Tesla stock opened down 0.7% at $395.19 ahead of earnings. Coming into this report, Tesla stock has fallen for five of the past six trading days, losing almost 7% over that span. The year-over-year gain is worth more than the market value of General Motors,

In 2024, about 20% of roughly 18,000 users signed up for a Super Cruise subscription after the complimentary subscription ended, Barra said. Another 33,000 vehicles will end a three-year trial period in 2025 and GM is targeting to more than double subscription revenue, she added.

DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.

Tesla's fourth-quarter earnings missed Wall Street's estimates, but the stock rose on 2025 guidance and plans for robotaxi rides to begin in June.